True or false: In supply chain management, leaders in many supply chains have started moving toward collaborative forecasting to improve their ability to match supply and demand.
Understand the Problem
The question is asking us to evaluate a statement regarding supply chain management and the trend of collaborative forecasting used by leaders to better align supply with demand. We need to determine if this statement is true or false based on supply chain practices.
Answer
True.
The final answer is True.
Answer for screen readers
The final answer is True.
More Information
Collaborative forecasting involves sharing information between supply chain partners to better anticipate customer demand and align production and distribution plans accordingly. This collaboration helps to reduce uncertainties, improve inventory management, and increase overall supply chain efficiency.
Tips
A common mistake is confusing collaborative forecasting with independent or sequential forecasting, which do not involve the same level of information sharing between supply chain partners.
Sources
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